In this guide
Polymarket stands as the planet's foremost prediction market platform, yet it presents a formidable barrier for those entering the cryptocurrency space for the first time. This guide covers each stage of the process — or outlines why PolyGram offers a smoother introduction.
Option A: Start with PolyGram (Recommended for Beginners)
PolyGram grants access to identical Polymarket CLOB liquidity without any cryptocurrency background:
- Launch Telegram → locate @PolyGram_Telegram_bot
- Press Start
- Fund your account using a debit or credit card (wallet unnecessary)
- Begin trading straight away
Option B: Polymarket Direct Setup
- Download MetaMask extension from metamask.io
- Establish your wallet — record your 12-word recovery phrase in a secure offline location
- Configure Polygon network within MetaMask (Chain ID 137)
- Obtain USDC on Polygon — acquire ETH through Coinbase, then bridge or purchase USDC directly on Polygon
- Go to polymarket.com and link your wallet
- Authorise the authentication message via MetaMask
- Explore available markets and execute your opening transaction
Reading the Order Book
Upon connection, each market displays a central limit order book:
- Green section = bids (demand side) — arranged from maximum to minimum price
- Red section = asks (supply side) — arranged from minimum to maximum price
- Highest bid and lowest ask = the active spread you will encounter when executing a market purchase
Placing Your First Trade
- Pick a market and indicate YES or NO
- Input your USDC quantity
- Inspect the projected execution price and proceed
- Polygon processes the transaction within roughly 2 seconds
FAQ
- Why is a blockchain wallet required for Polymarket?
- Polymarket operates entirely on-chain — holdings reside within smart contracts that demand wallet verification. PolyGram removes this complexity by utilising Telegram authentication instead.
- What is the minimum trade on Polymarket?
- Polymarket enforces a floor trade size of roughly $1 depending on prevailing share valuations. PolyGram imposes no such restriction.